Mills arrive at Kibali on schedule

Marketwired

JERSEY, CHANNEL ISLANDS--(Marketwire - Dec 3, 2012) -



RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD



ANOTHER MAJOR MILESTONE FOR KIBALI AS MILLS ARRIVE AT SITE ON SCHEDULE


London, United Kingdom, 3 December 2012 - Development of the giant
Kibali gold project in the Democratic Republic of Congo has achieved
another significant advance with the arrival on site of the two giant
ball mills which will form the heart of its metallurgical plant.
Kibali will be one of the largest gold mines in Africa when it goes
into production at the end of next year.

The two European-built 7 megawatt mills, each weighing 170 tonnes, were
transported in six sections initially from Antwerp and then by road
from the port of Mombasa in Kenya through Uganda to Doko in the
northeast of the DRC, a trip of 1800 kilometres which took some six
weeks. The mills, which are scheduled to be set on their foundations
at the plant early next year, are capable of a combined annual
throughput of 7.2 million tonnes of ore.

Kibali is being developed by project co-owner Randgold Resources, which
will also operate the mine. Randgold chief executive Mark Bristow said
today that with the on-schedule arrival of the mills, all the major
equipment for the mine was either on site or en route. Speaking at a
Randgold investor day in London, Bristow said the successful completion
of this complex exercise in logistics was in line with the rapid
progress the project team was making with all aspects of Kibali's
development. It was also a tribute to the regional experience and
expertise of logistics company Freight Forwarders Kenya and Randgold's
philosophy of partnership with its suppliers.

Open pit mining is already underway and work has started on the
development of the twin declines. The sinking of the vertical shaft
for the underground mine is expected to start in the first quarter of
next year. In addition, the whole mine footprint has been cleared for
development with the continuing relocation programme of villagers from
the mine area to the new model village of Kokiza, where houses are
being built at the rate of in excess of 50 per week.    ENQUIRIES:

Mark Bristow, Kibali chairman & Willem Jacobs, Randgold GM operations
Randgold Resources CEO Central & East Africa
+223 6675 0122 / +44 788 071 1386 +243 991 001 222

Louis Watum, GM Kibali Goldmines Kathy du Plessis, Randgold investor &
+243 994 035464 / +243 817 153 062 media relations
+44 20 7557 7738 /
randgoldresources@dpapr.com
Website: www.randgoldresources.com



CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the
historical information contained herein, the matters discussed in this
news release are forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933 and Section 21E of the US
Securities Exchange Act of 1934, and applicable Canadian securities
legislation. Forward-looking statements include, but are not limited
to, statements with respect to the future price of gold, the estimation
of mineral reserves and resources, the realisation of mineral reserve
estimates, the timing and amount of estimated future production, costs
of production, reserve determination and reserve conversion rates.
Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as 'will', 'plans', 'expects'
or 'does not expect', 'is expected', 'budget', 'scheduled','estimates', 'forecasts', 'intends', 'anticipates' or 'does not
anticipate', or 'believes', or variations of such words and phrases or
state that certain actions, events or results 'may', 'could', 'would','might' or 'will be taken', 'occur' or 'be achieved'. Assumptions upon
which such forward-looking statements are based are in turn based on
factors and events that are not within the control of Randgold and
there is no assurance they will prove to be correct. Forward-looking
statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Randgold to be materially different from
those expressed or implied by such forward-looking statements,
including but not limited to: risks related to the integration of
Randgold and Moto, risks related to mining operations, including
political risks and instability and risks related to international
operations, actual results of current exploration activities,
conclusions of economic evaluations, changes in project parameters as
plans continue to be refined, as well as those factors discussed in the
section entitled 'Risk Factors' in Randgold's annual report on Form
20-F for the year ended 31 December 2011 which was filed with the US
Securities and Exchange Commission (the 'SEC') on 31 March 2012.
Although Randgold has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Randgold does not
undertake to update any forward-looking statements herein, except in
accordance with applicable securities laws.

CAUTIONARY NOTE TO US INVESTORS: the SEC permits companies, in their
filings with the SEC, to disclose only proven and probable ore
reserves. We use certain terms in this release, such as 'resources',
that the SEC does not recognise and strictly prohibits us from
including in our filings with the SEC. Investors are cautioned not to
assume that all or any parts of our resources will ever be converted
into reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's Industry Guide number 7.     This information is provided by RNS
The company news service from the London Stock Exchange

END
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